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Sugar Land Council authorizes development corporation agreements to fund Imperial Historic District acquisition and restoration
Summary
The council approved resolutions authorizing agreements with the Sugar Land Development Corporation and the Sugar Land 4B Corporation to commit up to 50% of debt service toward a $50 million certificate of obligation for acquisition and site improvements in the Imperial Historic District; both votes were unanimous, 6–0.
The Sugar Land City Council voted unanimously to authorize two agreements that commit local development corporations to share in debt service for a proposed $50 million certificate of obligation to acquire and rehabilitate the Imperial Historic District.
Devin Rodriguez, the city's Director of Redevelopment, told the council the city announced plans in February to pursue acquisition of the Imperial Historic District and surrounding parcels and that staff has since refined budgets and preservation priorities. "Some of the preservation priorities as we've dug back into those studies ... are the roof, all of the windows ... the…
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